USDJPY is still seeking direction at multi-month bear trend channel.
It seems that next week may have a bullish move.
The setup here is to look at price action at 110 to take short with 111 at stop loss.
1st Take Profit level maybe around 107.50
EURUSD dropped nicely this week and the price set a new intraday lower low lower close.
The price is currently stuck within a falling expanding channel.
I believe that next week the market will go lower.
For entries/scalping consider the boundaries of the channel
❤️Please, support this idea...
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Currently, we are trading in an ascending...
This breakout is based on a one day time frame basis. This stock is on uptrend making higher highs and higher lows, its last high was on 8th February 2021 after which it started forming bearish price channel and retested its previous deep retracement zone forming double bottom meanwhile 200 MA was also in the same retracement zone. Then came the breakout of the...
Clear bullish channel, price sitting at dynamic resistance. Will be expecting rejection to downside seen as price is quite overextended. Highs unseen since 2018 and RSI showing rejection of upper band. Let's see how the market develops going into the next trading week.
Gold is trading in a sharp bullish trend since the beginning of April.
From the middle of May, the market became extremely overbought and finally, we saw a retracement this week.
The price dropped all the way down to the support of a rising parallel channel .
With a consequent bullish reaction, we see a...
EURAUD has approached the channel resistance in a corrective manner. We can draw an ascending trendline and wait for it to break.
Target will be the channel support depending on how price goes down.
Goodluck and trade safe!
👉Rain in performing well according to the reports.
👉It has formed the channel which can pe seen clearly and sincerely following it.
👉You can find an opportunity to buy once it confirms with the bullish candle.
👉It is effective for short and mid term.
* Company with high TTM EPS growth.
* Growth in...
first of all, we are in a BULLISH TREND until now so for a now we aren't worried because for some reasons :
As you consider,
1: We don't have any lower and low candles (below 30k)
2: As you see it had a great rising wedge and we know after most of the rising wedge pattern it has to continue its previous bullish trend after a correction ( we are in a correction of...
The channels I defined previously were very wide. These are narrower (and the top 50% of the previous) and we are at a crucial point. Any wild movement here that confirms in an hourly candle will, for me, determine which direction our, near sideways, channels will follow.
The instrument continues to move upward. What do we have at the moment. The instrument has consolidated above a strong upward resistance level , but in addition, the level of the technical pullback of the downtrend - 1.2243 is ahead, so I expect consolidation at this price value with further growth to the key peak of 1.235
So. Gold breaks the ascending channel to the top, strengthening its troend movement. The strongest bear hunt is underway. The instrument at the moment breaks through the resistance of 1906.800 and will most likely continue its movement. I assume either a consolidation at the level or a correction to the 1906.8 level after a small long movement with further growth...
Here we have the Gold chart.
You can see this ascending channel is continuing to hold. However, bears are currently keeping a lid on price and we have moved into a ranging market on the lower timeframes.
Are we due a small pullback before another push to the upside?
Any questions? Drop me a message!
Please be kind. I'm new to this. I am looking for both and upward and downward trend on the 1H charts from the past few days. Somewhere near 33k I am seeing our big indicator as to whether we are upward or downward momentum. Thoughts? Thank you for your time.